The Question content area bottom

Part $1$

A$.$

reflects a

trademinus$$off

between the higher cost of using options and the extra insurance benefits that options provide.

B$.$

reflects a

trademinus$$off

between the higher cost of using futures and the extra insurance benefits that futures provide.

C$.$

depends on whether the underlying instrument is a debt instrument or an equity.

D$.$

reflects a

trademinus$$off

between the greater risk from using options and the extra insurance benefits that options provide.

belongs to

Question content area bottom

Part $1$

A$.$

Milton Friedman

B$.$

Ronald Reagan

C$.$

Warren Buffet

D$.$

Winston Churchill